Haitong Securities Backdoor Listing Of The Motivation And Performance Research

With the development of Chinese capital market,the securities company has been developing,has become an important force in the capital market.In order to expand market share,enhance the profit ability,improve the core competitiveness,more and more securities companies look to the capital markets.However,IPO securities industry barriers impenetrable: the securities and futures commission to apply for IPO securities company audit strictly,to more restricted securities industry,etc.By the above reasons,as of August 2015 a-share market listed 24 securities almost half are successful ipo by A shell.It can be seen that most of the securities industry through the backdoor access to capital markets,for the creation of this article provides the basis.This article from the descriptive statistics and case combination of methods,emphatically from the industry characteristics of the securities industry and haitong securities cases displayed in the backdoor listing of features were analyzed.At the same time,combined with the characteristics of the brokerage sector,emphatically from the shell side,let the shell side,as well as the backdoor listing in the choice of time and region is analyzed its general characteristics,reveals the existing in the whole process of a shell.Backdoor listings based on the analysis of the securities industry,on the basis of overall situation,this article on the typical cases of haitong securities backdoor city shares,carefully analyzes the listed backdoor listings and performance.Research found that haitong securities in shell drivers,the following reasons.select backdoor listings on the one hand,because the IPO difficulties,in order to broaden the financing channels,directly on the securities market financing,on the other hand is to improve the modern enterprise system,improve their corporate governance at the same time also got the support of the local government.Haitong securities backdoor listing,haitong securities,the original shareholders obtain high asset appraisal increment rate;In the short term,the original shareholders has achieved rapid accumulation of wealth,but the medium to long term wealth is a significant downward trend;Through(600837)to the company financial data analysis,found the haitong securities listed after financial performance improved significantly.Through analyzing the haitong securities backdoor listing the following conclusion: the securities firm in the backdoor listing should be based on their own actual situation,and the initiative to obtain the high quality of shell resources,make the whole business,to do a good job of communication and the local government,and try to select high-quality assets,to increase pricing power and brand image.